Mom-and-pop stores play the MRP waiting game as new GST rates kick in

ecommerce companies complete technical preparations for the simplified GST structure

Mom-and-pop stores (kiranas) across Mumbai and Kolkata will continue to sell stocks lying in stores at the maximum retail price (MRP) as retailers wait for the new product prices to reach their stores with reduced prices, following the government’s cut in goods and services tax (GST) on many items and the removal of the 12 per cent and 28 per cent slabs. 

In Mumbai suburbs, a standalone supermarket store continues to sell stocks at the current MRP and has no intention to sell at the reduced prices for items that have seen a drop in GST,